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Jeremy Zimmer
UTA Becomes First Major Agency to Restore Full Pay, Enacts Small Round of Layoffs
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variety.com
variety.comMatt Donnelly Senior Film WriterHollywood may never look the same after the coronavirus pandemic, but a relic of the old world has been returned to one major Hollywood agency: full paychecks.UTA has become the first of the big four to reinstate full salaries, after reducing compensation across the board this spring — a cost-cutting measure that many talent shops took to brace for the economic beating delivered by COVID-19.In a Wednesday memo to staff, agency CEO Jeremy Zimmer said employees would return to full compensation by mid-September.
In step with the announcement, the company enacted a round of layoffs affecting 50 employees across rank and department, some of them furloughed since March when nationwide shutdowns went into place..
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